$CHZ looks bottomed on the weekly

Looking at the weekly from an elliot wave stand point, I see a possibility of a bottom for wave 4 as the Y hit 0.786 Fib for the WXY which is more than minimum requirement.

Also using K.Channels for confluence, It bounced of the base channel which is also a possible ending for wave 4.

Wave for also hit the wave 4 likely area 0.382-0.5 retracement which is typical for wave 4 ending point.

now that all depends on BTC and could go lower to the 1:1 extension for Y.


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